Susquehanna Fundamental Investments LLC Trims Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Susquehanna Fundamental Investments LLC lowered its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,095 shares of the company’s stock after selling 19,802 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Taboola.com were worth $83,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TBLA. Wellington Management Group LLP increased its stake in shares of Taboola.com by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after acquiring an additional 2,859,451 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after purchasing an additional 1,216,902 shares during the period. Levin Capital Strategies L.P. increased its stake in shares of Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock valued at $3,925,000 after purchasing an additional 622,614 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after purchasing an additional 490,149 shares in the last quarter. Finally, Tredje AP fonden purchased a new position in shares of Taboola.com during the second quarter valued at approximately $1,376,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Analyst Ratings Changes

TBLA has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.56.

Taboola.com Stock Performance

TBLA stock opened at $3.28 on Friday. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.69. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month high of $5.00. The stock has a market capitalization of $953.61 million, a PE ratio of -14.26 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $428.67 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. As a group, research analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the transaction, the director now directly owns 176,158 shares of the company’s stock, valued at $635,930.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.40% of the company’s stock.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.